Possible triggers
- A company is unable to meet obligations as they fall due.
- A creditor is affected by rescue or insolvency proceedings.
- Directors need advice about available statutory options.
- There is uncertainty around claims, voting, plans or enforcement during a rescue process.
Start with the position, not the label
Financial-distress matters are time-sensitive and fact-specific. The first enquiry should identify the business, the parties involved, any formal process already underway and the immediate decision that needs to be made.